3 Advanced Poor Man's Covered Call Tactics (To Increase Profits)

*** FREE PDF DOWNLOAD ***
The Options Income Blueprint:
The Credit Spreads Blueprint:

*** BECOME MY MENTEE ***
12 Months Mentorship Program:
Students Case Studies:

*** AUTOMATE YOUR OPTIONS TRADING ***
Get a special discount on your 1st month using Options Auto Trader
=======================================================

We already know that the Poor Man's Covered Call is a great way to double your returns selling Covered Calls.

But what if you could FURTHER increase your profits and reduce your risk?

In this video, I'll share with you 3 Advanced Poor Man's Covered Call tactics that I've learned over the years through my own trial and error, and from my experience when I was a Proprietary Trader over a decade ago.

You WON'T learn what I share with you in this video anywhere else but here.

Timestamp:
00:00 - Start
00:40 - Tactic #1: Extrinsic Value Manipulation
14:10 - Tactic #2: Timing Entries
23:35 - Tactic #3: Legging In

If you liked this video, please give a thumbs up, and also feel free to leave a comment if you have any questions, or just want to say hello.

#optionstradingforbeginners #optiontradingstrategies #coveredcall

Please subscribe & hit the notification bells for more videos like this just for you:

[optionswithdavis]

Get Your Copy of The Options Income Blueprint For FREE:

[jimgeyer]

Outstanding Commentary!!! Priceless!!! Thank You!!!

[loicb]

Hi Davis, could you please detail Short call selection in term of price , 30% or 20% from the market price ( or just selec 20 delta) price and 45 DTE?

[jasonc]

I like your videos and makes it so easy to understand compared to others I see, plus I like your recaps at the end of each video. Keep it going !

[aravindtiwari]

Absolutely amazing content!! 💯

You deserve so many more viewers and subscribers. ♥️🇮🇳

Keep up the good work 👍👍

[youssefyacoub]

What happens when the market shoots up faster than the expiration of the short leg and it becomes in the money? what should you do then?

[rousemkg]

Awesome video! You break it down perfectly to understand these strategies!

[sisez]

Thankyou very much I so needed this valuable lessons

[pranavpradhan]

Hi Davis,

I am your new subscriber on YouTube and wanted to compliment your great contents regarding various options strategies!

Are you able to make a video and explain what happens when:

- An option contract get's assigned in a "poor man's covered call" strategy.
- How does the long call gets affected in that scenario and how to handle those situations.
- Additionally, do you let the contracts that are sold using the long call expire completely or do you keep rolling them on the last date of expiration of the sold contract.

Thank you.

[tsengchuen]

Technical analysis suggests large correction is likely to be in 2025. So is it now still right time to execute LEAPs and PMCC?

[sogu]

Hi David ! Excellent and didactic explanation of how to set Covered Call . Many thanks!

[dtitan]

Great Video! Like that you include the timing of when to enter. What option screener do you use or do you know of a screener that can filter for stocks/etf ? Do you also share what options you trade?

[Martha-ox]

Davis, have you ever used a protective collar for your Poor Man's Covered Call positions? I'm planning on entering into a few positions but would consider uses a protective collar as a defense should my long positions begin to correct / decline. Any thoughts on this as a defense against price drops? - Martha

[elynno]

Hi David,
Do we need to take into consideration that when the px hit low n the option px get more expensive as the IV higher?
Appreciate if you can periodically update your thoughts on options strategies used @ different mkt conditions
Many thanks n appreciate your time sir

[kitsonang]

Davis, will u take profits and manage losses on the short call e.g 50% take profit and manage at 21 dte?

[Baudelio]

Do you know why some leaps are cheaper than others (on the cost of leap/cost of 100 shares ratio)?

[libertyhealthlatino]

Hi Davis, Luis here. You don't think would be a good idea in a poor's man covered call, when we set a sell call at certain strike a DTE, we can set a buy call at the same strike and DTE, so we never have the risk to get exercised with the sell call?

[forgotmypassword]

What to do if the covered call is deep in the money and you dont want to lose the leap option? Thanks.

[fredachow]

Hi Davis,



Thank you again, very like your channels make learning option tradings clear & much easy understandable.


😀

[KT-zxjr]

Good clip Davis. One comment. I think, assuming they have weeklies n you can check at CBOE, you could enhance your total return on the campaign if you sold weeklies given they have so much more time value vs